Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnightFrom the Desk of the Chief Economist
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From the Desk of the Chief Economist
Continue reading >The PRD Affordable and Liveable Property Guides 1st Half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights into property trends and how current economic conditions (including higher interest rates) have impacted the market, as well as future developments for 2024. For those looking for more affo…
Continue reading >As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
Continue reading >In Q4 2023, Broome recorded a median house price of $685,000, and a median unit price of $390,000. This represents annual (Q4 2022 – Q4 2023) growth of 3.0% for houses and a minor softening of -2.5% for units. Total sales declined during this time, by -13.3% (to 65 sales) for houses and by -8.0% for units (to 23 sales). There is an undersupply of …
Continue reading >Australia’s property market exceeded all expectations in 2020 and in the first half of 2021. The ‘doom and gloom’ and ‘market crash’ predictions did not eventuate, in fact, the op…
Visit >The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants avail…
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The PRD First Home Buyers’ Guide 2nd Half 2021 is designed to help you quickly understand what is on offer to first home buyers. With so many programs and grants available at the various State and …
Australia’s property market exceeded all expectations in 2020 and in the first half of 2021. The ‘doom and gloom’ and ‘market crash’ predictions did not eventuate, in fact, the opposite occurred…
In H2 2021, Broome recorded a median house price of $575,750, and a median unit price of $260,000. This represents annual (H2 2020 – H2 2021) median price growth of 30.1% for houses and 4.4% for unit…
The PRD Affordable and Liveable Property Guides 1st Half 2021 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights and highlights of the market and report…
In H2 2020, Broome recorded a median house price of $520,000, and a median unit price of $288,500. This represents annual (H2 2019 – H2 2020) median price growth of 14.5% for houses and a price softe…
There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an…
The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various S…
Median house prices in Perth Metro remained steady from 2019 to 20201, sitting at $525,000. During the same timeframe median unit prices slightly softened, by -2.5% to $390,000. By comparison, from 2…
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Austra…
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State a…